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The Vietnamese authorities chief affirmed that Vietnam all the time welcomes and creates beneficial circumstances for Indian companies to spice up funding in prescription drugs, infrastructure, processing and manufacturing, info and biotechnology, renewable vitality, high-tech agriculture, and innovation in Vietnam.
He famous that regardless of the difficult developments of COVID-19, two-way commerce between Vietnam and India recorded a robust progress of 37 % year-on-year in 2021, reaching greater than 13.2 billion USD.
The 2 sides ought to proceed to keep up cooperation mechanisms, together with the inter-governmental committee mechanism; and additional promote collabration in defence – safety, tradition, tourism, training and coaching, digital transformation, vitality transformation, response to local weather change, and maritime and oil and fuel cooperation, PM Chinh pressured.
For his half, the Indian parliament chief wished to spice up commerce and financial ties between the 2 international locations, in direction of lifting the two-way commerce to fifteen billion USD as quickly as doable.
Indian traders have excessive expectations for funding in Vietnam, he stated, including that India will proceed to assist Vietnam in bettering the standard of human assets, and restoring and preserving cultural heritages.
The 2 leaders in contrast notes on worldwide and regional problems with widespread concern, together with the East Sea/South China Sea problem, saying that disputes ought to be settled by peaceable measures based mostly on worldwide regulation and the 1982 United Nations Conference on the Legislation of the Sea (UNCLOS). They emphasised the significance of full implementation of the Declaration on the Conduct of Events within the East Sea (DOC) and the constructing of an efficient and substantive Code of Conduct within the East Sea (COC) to make sure navigation and aviation freedom, safety, and security within the East Sea.
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